Analyst: Bitcoin may pull back to test $74,600, medium-term trend remains bullish.

Crypto analyst Darkfost noted in a post that Bitcoin’s technical fundamentals have not seen material changes: the 5th sub-wave of Wave 1 has ended at the expected level, and a Wave 2 correction may follow. This correction could dip to $74,600, aligning with the standard 0.382 Fibonacci retracement level. Currently, Bitcoin has fallen below the 21-period EMA and is trading at the support of the 50-period EMA, which he considers a strong support level; the 200-period EMA stands at around $75,800,

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